Metal Arts Company (MTRT)

[Tengri]

Busan city signed a business agreement with companies to invest in the metro area. Twelve of the companies have signed to relocate their headquarters to Busan. The other three companies will set up branches in Busan.

Most of the 12 companies relocating the headquarters are related to the blockchain or IT industry, such as Medium, Data Labs, Dubitnarae Soft, and Petdak. In addition, the three companies that will set up branches include Tesla Korea, NHN, and Daeyoung Chaevi. 

These companies are planning to move into the newly built business center in the future. The area where the business center will be built and the specific relocation schedule for the headquarters will be decided again through discussion later. In the future, the business center plans to create and operate a blockchain technology research center jointly with resident companies. In other words, a 'blockchain cluster' is formed.

Medium, a blockchain technology development company, is playing a major role. While discussing the relocation of the headquarters with Busan City, Medium persuaded several related companies to relocate their headquarters that are collaborating with them for blockchain clustering. A Medium official said, "We received a proposal from the city of Busan to establish a technology development center and we counter-proposed 'Let's create a blockchain cluster'.” 

As a large number of blockchain companies in the metropolitan area promise to relocate to Busan, it is expected that they will play a major role in creating the Busan blockchain industry ecosystem. The city of Busan also plans to enact the 'Blockchain Business Induction Ordinance' soon to materialize support in various ways for these attracting companies, and to use it as an institutional basis for attracting more blockchain companies in the future. 

http://mobile.busan.com/view/busan/view.php?code=2022021619345495294